A multi-layer channel indicator based on Fibonacci ratios, drawing three layers of upper and lower channels totaling 7 lines to precisely mark support and resistance levels. Supports multiple moving average types and price sources. Channel width automatically adjusts with market volatility, suitable for channel reversion trading and extreme volatility capture.
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Platform
MT5
Last Update
Jan 2026
Features
- Three-layer Fibonacci channels with golden ratio precision for support/resistance
- 7 lines displayed simultaneously: center MA + three pairs of upper/lower bands
- Supports multiple moving average types
- Multiple price sources including standard and smoothed candlesticks
- Customizable Fibonacci ratios for flexible channel width adjustment
- Main chart overlay for intuitive price-channel relationship observation
- Channel width automatically adjusts with market volatility
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